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ABC Inc. sells socks. During January 2016, its inventory records for one brand of its socks were as follows: Quantity Price per pair Beginning Inventory

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ABC Inc. sells socks. During January 2016, its inventory records for one brand of its socks were as follows: Quantity Price per pair Beginning Inventory 10 pairs $20 $200 January 6 Purchase 4 pairs $25 $100 January 10 Sale January 15 Purchase 7 pairs$30$210 January 20 Sale January 25 Purchase 4pars $30 =$120 5 pairs N/A 10 pairs N/A See information above. Using this information, periodic FIFO cOst of goods sold is Select one: a$330 O b. $300 C. $430 Od $250

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